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@Anonymous wrote:Applied for the Apple Card today and was declined. Wanted to share so that other folks can use this data to decide whether or not to apply.
Score was Transunion 620 — not sure which score this even is because in my MyFICO account (that I pay and subscribe to) I have no scores that are 620.
Reason for decline:
- You have recently been past due
- A bank has recently closed your account
It's been over a year since I have had any late marks and I do not have any bank closures on my account, unless they are referring to one from 2017. Obviously I am on the road to credit recovery (per my signature) so I wasn't sure what to expect but it seems like they prefer no-credit over repaired-credit from what I can tell.
What was the situation with the bank closure? Did a bank close your account? Did it close with a negative balance? (Looking for feedback from anyone that received this reason)
If GS is really deny people for closing accounts on their own that could be an issue.
I get it, I really do. But I'm still hecka salty about my denial, too, haha. They are not even tryin' to play with our rebuild profiles.
I'm holding out hope that they adjust some of their requirements after the preview. They're about to make me dust off my goodwill letters.
The application finally worked but I was denied. No big loss and at least no HP.
They said my debt is too high relative to my income.
TU score - 687
Income - $108,000
Utilization - 18%
I got Approved first time was denied for a bank closing my account called TU they said they have nothing on that. Went to Chexsystems froze my Chexsystems as I know this is not true because I just signed up for a Bank Account with my CU less than a year ago and got approved and they did a complete Chexsystems run.
Anyways
$4000 SL
12.99% APR
TU Score - 719
Income - $70,000
Utilization - 10%
@Anonymous wrote:I got Approved first time was denied for a bank closing my account called TU they said they have nothing on that. Went to Chexsystems froze my Chexsystems as I know this is not true because I just signed up for a Bank Account with my CU less than a year ago and got approved and they did a complete Chexsystems run.
Anyways
$4000 SL
12.99% APR
TU Score - 719
Income - $70,000
Utilization - 10%
Good for you. Congratulations.
@Adalen wrote:They are not even tryin' to play with our rebuild profiles.
What would be their motivation?
@privacyadvocate69 wrote:
@Adalen wrote:They are not even tryin' to play with our rebuild profiles.
What would be their motivation?
Same as any other FI that has segmentation as part of their overall CC portfolio - revenue. And, it's fair to say, certain profiles that may meet GS origination thresholds and would be considered on the "rebuild" side of the spectrum (i.e. BK, CO's, etc.) have had some successes for a variety of individuals. If you haven't already, take a look at the approval threads and the DPs in the Apple megathread. So, there's enough evidence to support such "motivation".
Could some of these "recently been past due" denials be due to utility bill payment history? Doesn't FICO 9 include that in the score?